Statement Regarding Cheque Clearance
As per RBI’s directions, the cheque clearing system has transitioned from batch processing (t+1) to continuous clearing system (t+0) to enable faster cheque clearance. This change was implemented on October 4, 2025.
Post implementation, a total of 1.49 crore instruments, amounting to Rs. 8,49,557 crore, have been processed and cleared through the central system.
During these initial days, we have encountered some teething issues both at the central system operated by NPCI and at the participating banks, resulting in delays in clearing and in crediting customers’ accounts, and a large number of returns.
Most of these issues have now been resolved, and the central system is stable since Monday, October 13, 2025. NPCI is working with banks to address any remaining issues, to ensure same-day credit for the presented cheques.
the previous T+1 system and the new T+0 cheque clearing system introduced by the Reserve Bank of India (RBI).
The new T+0 system is part of a transition to continuous clearing, which aims to speed up the process and make funds available to customers on the same day.
| Feature | T+1 System (Previous) | T+0 System (New) |
| Cheque Clearance Time | Up to one to two business days | Within a few hours (same day) |
| Process | Batch-based. Cheques were collected and processed in fixed batches at the end of the day. | Continuous and near real-time. Cheques are scanned and sent to the clearing house immediately and continuously during business hours. |
| Funds Credited | The next business day after the cheque was presented. | Within one hour of the cheque’s settlement. |
| Key Features | – Fixed daily batches. – Physical movement of cheques was required at some point. | – Cheques are truncated (physical movement is stopped) and an electronic image is used for clearing. – Hourly settlements from 11:00 AM onwards. – Auto-approval feature if the paying bank does not respond within the designated time frame. |